Questionable “products” leading to excess fuel tax credits: ATO taxpayer alert
September 23, 2021
The ATO has issued taxpayer alert TA 2021/3: Fuel tax credit overclaims arising from aggressive marketing and use of GPS telematics technology products.
The Alert raises the ATO's concer...
Read More Read More
Disguising income as gifts or loans from related overseas entities: ATO taxpayer alert
September 23, 2021
The ATO on 17 September 2021 issued taxpayer alert TA 2021/2: Disguising undeclared foreign income as gifts or loans from related overseas entities. The Alert highlights the ATO's concern w...
Read More Read More
Super choice rules will change from 1 November 2021
September 21, 2021
You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund.
You may now need to request their ‘stapled super fund...
Read More Read More
Changes to the myGovID app
September 16, 2021
You may have noticed some changes to your myGovID app, following recent updates.
These changes include the option to verify your photo and set up Strong identity strength. If you choose t...
Read More Read More
ASIC extends time for public companies to hold annual general meetings
September 9, 2021
In a media release, ASIC has formally extended the time public companies have to hold their annual general meetings, due to restrictions on gathering and movement persist during the COVID-1...
Read More Read More
COVID-19 business support programs: data sharing
August 26, 2021
The Treasurer has issued the Taxation Administration (Data Sharing – Relevant COVID-19 Business Support Program) Declaration 2021.
The Declaration lists the programs that have been dec...
Read More Read More
Tax treatment of COVID-19 Government payments: Bill (No 2) 2021 introduced
August 5, 2021
The Treasury Laws Amendment (COVID-19 Economic Response No 2) Bill 2021, introduced in the House of Reps on 3 August 2021 as 5 Schedules to the Bill, proposes amendments to the ITAA 1997 an...
Read More Read More
Common mistakes property investors should avoid: ATO reminder
August 5, 2021
The ATO is reminding property investors to take care when submitting their tax returns. Assistant Commissioner Tim Loh said the ATO have adjusted more than 70% of the 2019–20 returns sel...
Read More Read More
COVID-19 business support and disaster payments to be tax-free
August 5, 2021
The Government has introduced the Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 to make payments received by eligible businesses under certain COVID-19 business supp...
Read More Read More
Vic Government grant programs declared tax exempt: legislative instrument
July 23, 2021
The Government on 20 July 2021 with effect from 21 July, registered the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Amendment Declaration ...
Read More Read More
